WELL-SPRING IS A NOT-FOR-PROFIT ORGANIZATION PROVIDING AGING-ADULT SERVICES WHICH CREATE AN EXPERIENCE THAT EXCEEDS THE NEEDS OF AN EVOLVING POPULATION OF OLDER ADULTS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$139.1M
+0.3% YoY
Annual Giving
$508K
-16.6% YoY
Grant Count
10
-37.5% YoY
Avg Grant Size
$51K
+33.4% YoY
About Well-spring Retirement Community Inc
Based on IRS filings
Well-spring Retirement Community Inc is a nonprofit organization focused on Human Services, based in GREENSBORO, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $139.1M in total assets. In 2024, it awarded 10 grants totaling $508K. Net investment income was $3.0M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $139,126,189 | $138,730,668 | $137,378,238 |
| Revenue | $42,978,331 | $39,926,094 | $36,704,666 |
| Expenses | $41,407,976 | $41,111,393 | $36,925,554 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $3,037,279 | $1,515,409 | $1,416,879 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
82 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Adult Center for Enrichment Inc ($328,000), Cone Health ($75,000), Authoracare Foundation ($47,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ADULT CENTER FOR ENRICHMENT INC GREENSBORO, NC | GENERAL SUPPORT | $328,000 |
| ALZHEIMER S ASSOCIATION CHICAGO, IL | GENERAL SUPPORT | $7,500 |
| AUTHORACARE FOUNDATION GREENSBORO, NC | GENERAL SUPPORT | $47,500 |
| CONE HEALTH GREENSBORO, NC | GENERAL SUPPORT | $75,000 |
| GREENSBORO SYMPHONY ORCHESTRA GREENSBORO, NC | GENERAL SUPPORT | $10,000 |
| NORTH CAROLINA FOR COMMUNITY AND JUSTICE INC GREENSBORO, NC | GENERAL SUPPORT | $6,000 |
| DOWNTOWN GREENWAY GREENSBORO, NC | GENERAL SUPPORT | $13,500 |
| APPALACHIAN STATE UNIVERSITY FOUNDATION BOONE, NC | GENERAL SUPPORT | $10,000 |
| BETH DAVID SYNAGOGUE GREENSBORO, NC | GENERAL SUPPORT | $5,000 |
| GREENSBORO LITERARY ORGANIZATION GREENSBORO, NC | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENNETH BOGGS | VICE-CHAIR IMM PAST CHAI | 1 | — |
| KATHRYN COOKIE BILLINGS | CHAIR | 1 | — |
| JERRY BAILEY | BOARD MEMBER | 1 | — |
| JEAN DAVISON | ASSISTANT SECRETARY | 1 | — |
| ANTHONY BOYD | BOARD MEMBER | 1 | — |
| CHRIS BROWN | BOARD MEMBER | 1 | — |
| WARREN WEBSTER | BOARD MEMBER | 1 | — |
| BARRY CANNER | BOARD MEMBER | 1 | — |
| BOB CHANDLER | BOARD MEMBER | 1 | — |
| TIM CLONTZ | BOARD MEMBER | 1 | — |
| SALLY CONE | BOARD MEMBER | 1 | — |
| WENDY GATLIN | BOARD MEMBER | 1 | — |
| JENNIFER KOENIG | BOARD MEMBER | 1 | — |
| BONNIE MCALISTER | BOARD MEMBER | 1 | — |
| BOB POWELL | BOARD MEMBER | 1 | — |
| SUSAN SHUMAKER | BOARD MEMBER | 1 | — |
| BEN ZURAW | BOARD MEMBER | 1 | — |
| STEPHEN P FLEMING | PRESIDENT CEO | 5 | — |
| K ALAN TUTTEROW | SECRETARY INTERIM TREAS | 5 | — |
| MISTI RIDENOUR | EXECUTIVE DIRECTOR | 40 | $236,213 |
| TODD DUMKE | DIRECTOR OF DINING SERVICES | 40 | $141,889 |
| PHILIP JOHNSON | DIRECTOR OF FACILITIES | 40 | $126,277 |
| SUSAN SUEK | DIRECTOR OF NURSING | 40 | $140,490 |
| MICHAEL JONES | DIRECTOR OF HEALTH SERVICES | 40 | $171,264 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Well-spring Retirement Community Inc?
Well-spring Retirement Community Inc is a nonprofit organization focused on Human Services, based in GREENSBORO, NC. It holds $139.1M in total assets as of 2024.
How large is Well-spring Retirement Community Inc?
As of 2024, Well-spring Retirement Community Inc holds $139.1M in total assets with $43.0M in annual revenue. It awarded 10 grants totaling $508K in 2024.
Where does Well-spring Retirement Community Inc operate?
Well-spring Retirement Community Inc has awarded grants in Illinois, North Carolina.
What size grants does Well-spring Retirement Community Inc award?
In 2024, Well-spring Retirement Community Inc awarded 10 grants totaling $508K — an average of about $51K per grant, based on its IRS Form 990 filings.
What is Well-spring Retirement Community Inc's EIN?
Well-spring Retirement Community Inc's EIN (Employer Identification Number) is 56-1497371. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Well-spring Retirement Community Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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